# PPP loan: COMMONWEALTH EXCAVATING INC.
> **$358K** approved 01/20/2021 · Paid in Full · Loan `1877528310`
## Borrower
- **Name:** COMMONWEALTH EXCAVATING INC.
- **Address:** 40 Sutton Road, Verona, VA, 24482
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $358K
- **Initial approval:** $358K
- **Forgiven:** $361K (101%)
- **Forgiveness date:** 01/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $358K
- **Utilities:** $1
- **Jobs reported:** 26
## Lender
- **Originating:** The First Bank and Trust Company
- **Servicing:** The First Bank and Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*